Startup FAQs: Requirements for companies employing Employment Pass holders

Sep 18

Startup FAQs: Requirements for companies employing Employment Pass holders

There are conditions in the statutory laws of Singapore that the employer must comply once the company has successfully applied for, and issued the Employment Pass of the startup founder or the company’s new employee. In a brief overview, here some questions that you might have, as the employer, when you have Employment Pass holders […]

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Do what? 6 secrets for startups recruiting in Singapore

Aug 10

Do what? 6 secrets for startups recruiting in Singapore

So you have lined up your funding round and got your Singapore entity incorporated, and now it’s time to scale up your team rapidly from 5 to 45. The applications you receive are a mix of talented people, from the brilliant local Sales Head, and the programmer on an Employment Pass currently working in another […]

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Tax Clearance for Employees – Startup FAQs

Jun 20

Tax Clearance for Employees – Startup FAQs

The lowdown on tax clearance for departing foreign employees of a Singapore company. A company is required to withhold the final month’s salary, and file a tax clearance with Inland Revenue Authority Of Singapore (IRAS) when a foreign employee is about to depart the company’s payroll. The requirement flows from Section 68 (5) of the […]

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FAQs: Late filing of personal income tax for individuals and sole proprietors

Jun 05

FAQs: Late filing of personal income tax for individuals and sole proprietors

“Better late than never”, or in this case, a fine or a court summon! If you haven’t done so, you can still file your personal income tax NOW. We have answered all the common questions below on personal tax filing and what you can do when you are way past the deadline. If you need […]

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Startup FAQs: Should a company its business activity when incorporating?

May 26

Startup FAQs: Should a company its business activity when incorporating?

Question: Should we have a particular set of business activity or objects when incorporating a company in Singapore? Answer: The 2004 Amendment Act of Singapore removed the need to specify Objects (i.e. specific activities) in the memorandum of association. This is in line with changes that took place around the same time in the UK […]

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